I used up my ISA allowance for this year so have been buying some shares in my regular share account with a view to do a 'Bed & ISA' once the new ISA year open up next month (wouldn't want to get taxed on what could become explosive gains). So I know that in order to do a 'Bed & ISA' my brokers will need to sell out of my regular share account, and then buy back the same shares in my ISA account. My question is (couldn't find it via Googling): When they do the sell and buy are they doing it at the same price, or will Bid/Ask apply? If Bid & Ask apply then you could get really done over on the spread....
"As a senior advisor to the government on electricity-related matters, Ms Mokgatle has made contributions that have shaped the country's energy policy." You wouldn't have thought she would join BMN if it didn't have a place in the countries forward looking energy policy. Very positive!
Maybe it won't have any impact, but I suspect there are a lot of people (like me), who are thinking about the potential rebound that could happen and definitely want their shares bought at these levels held in an ISA. I've got some that I will probably Bed & ISA, but ideally I'd be buying them directly into my ISA.
RE: The Power Africa Model. (Long Read!)04 Mar 2020 16:51
The fact is that many of these people are living in remote locations really does favour energy storage solutions. I imagine the servicing of these is going to also turn into big business. I suppose the energy suppliers will want to carry this out, or do you think 3rd parties will be tasked with this? Obviously it will differ across locations & partners involved, but something so consider in the chain of things.
Been packing for a holiday (errr), but that that 20x more lethal comment in the previous post encouraged this one...
There are a lot of varying views on the Coronavirus. These range from it being similar to a less harmful version of the existing flu strain (with longer gestation), through to it being a full on Armageddon type virus that is going to wipe us all out.
I think the former is closer to the truth considering the fatality rates. IMO it's likely to become akin to the mainstream type of 'flu', ie. pretty much what we already have recurring seasonally, but with it's own unique complications. Media is turning this into a frenzy - previously it was SARS, Avian flu, etc. People die of 'flu' every day. A couple years ago my early 80's grandfather in perfect health, got the 'regular' flu and died a couple weeks later. Not to mention my missus, in perfect health, who got regular flu and ended up with pneumonia and streptococcus (thankfully recovered).
This isn't some Ebola type virus that bypasses all immunity. It's very similar to getting the regular flu or cold for most people. They will probably come up with a vaccine, but it may turn out to be like the flu vaccine, which I've personally never taken. I'd rather my body learnt how to fight these things off, and only take pharma as a last resort.
Is the world in crisis? At the moment I'd say yes. Not be because of the virus itself, but because of the hysteria being whipped up around it and the fallout from that hysteria. The question is what will the downturn look like? The US market was at risk already as it was greatly inflated, particularly with speculative stocks like . Virgin Galactic. The UK has been hit hard, and we can't really say how far and deep this will go at the moment. What will the world be like going forward: who knows, but when it comes to green initiative companies like BMN, energy storage will forefront (but don't ignore V's use in steel). Once the markets have settled, it's companies like BMN who are going to come back to the fore, and IMO have the greatest growth potential. Those on this board already know why BMN is well positioned to capitalise on the VRBM space going forward.
I introduced a mate to the company and today he decided to take the plunge. In his words "Pulled the trigger at .1825 each proud owner of almost 33000 shares". That was a bit before 4pm and his aren't showing yet either.
That is one hell of a lot of blue for a SP that is down on the day so far. Just goes to show the appetite of PI's to soak up those large sells. I'm really looking forward to seeing how this moves once those large sells dry up.